China fully supports the EU's proposal to set up a "special payments system" to facilitate trade with Iran and safeguard the Iranian nuclear deal, a move experts say will reduce reliance on the US dollar in global trade and further isolate it from the international community.

If the US continues to push isolationism and unilateralism, and impose "long-arm jurisdiction" to sanction other countries who are paying efforts to preserve the Iranian nuclear deal and keep trade ties with Iran, it will force the EU to stand closer with China, Russia and Iran, Chinese experts noted, adding that the Iranian nuclear issue might become another "conflict point" between China and the US apart from current trade frictions and the Taiwan question, Globaltimes reported.

At UN Headquarters in New York during the ongoing 73rd session of UN General Assembly, Chinese State Councilor and Foreign Minister Wang Yi attended a ministerial meeting among senior foreign affairs officials from Iran, China, Russia, France, the UK, the EU and Germany - the remaining powers of the 2015 agreement after the US' withdrawal.

Chinese Foreign Ministry spokesperson Geng Shuang said at a routine press conference that safeguarding and implementing the Iranian nuclear deal is safeguarding the authority of the UN Security Council, the basic norms of international law, the international non-proliferation regime and the peace and stability of the Middle East.

"All participants of the meeting are working to establish a settlement channel for Iran, and allow Iran to continue to export oil," Geng noted.